Flag Sweden / Norway Flag

Exports Flag β†’ Flag  (2018): $15.2B, Rnk 2 / 211

Top Product Flag β†’ Flag (2018): $1.19B, Refined Petroleum

Exports Flag β†’ Flag (2018): $9.8B, Rnk 4 / 199

Top Product Flag β†’ Flag (2018): $2.43B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 34 / 137

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 196

GDP Flag (2018): $434B, CURRENT US$
Rnk 27 / 196

GDP GROWTH Flag (2008-2018): -6.08%, CURRENT US$
Rnk 182 / 196

GDP PC Flag (2018): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 196

GDP PC Flag (2018): $81,697, CURRENT US$
Rnk 5 / 196

GDP PC GROWTH Flag (2008-2018): -15.7%, CURRENT US$
Rnk 177 / 196

Sweden-Norway: In 2018, Sweden exported $15.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.19B), Cars ($703M), and Broadcasting Equipment ($569M). During the last 23 years the exports of Sweden to Norway have increased at an annualized rate of 4.87%, from $5.1B in 1995 to $15.2B in 2018. In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) being the largest in terms of value.

Norway-Sweden: In 2018, Norway exported $9.8B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($2.43B), Refined Petroleum ($708M), and Electricity ($487M). During the last 23 years the exports of Norway to Sweden have increased at an annualized rate of 3.48%, from $4.46B in 1995 to $9.8B in 2018. In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Comparison: In 2018, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). That same year, Norway ranked 34 in the Economic Complexity Index (ECI 0.85), and 33 in total exports ($127B). In terms of GDP Per Capita, Sweden was ranked 13 with a GDP Per Capita of $54,608, and Norway was ranked 5 with a GDP Per Capita of $81,697.

Bilateral Trade by Products

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Depth
Value

In 2018, Sweden exported $15.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.19B), Cars ($703M), and Broadcasting Equipment ($569M). During the last 23 years the exports of Sweden to Norway have increased at an annualized rate of 4.87%, from $5.1B in 1995 to $15.2B in 2018.

In 2018, Norway exported $9.8B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($2.43B), Refined Petroleum ($708M), and Electricity ($487M). During the last 23 years the exports of Norway to Sweden have increased at an annualized rate of 3.48%, from $4.46B in 1995 to $9.8B in 2018.

Market Competitiveness

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Measure

Sweden
Top Destination
: Germany, $17.4B

Norway
Top Destination
: United Kingdom, $25.8B

This map shows whether countries import more from Sweden or Norway. Each country is colored based on the difference in imports they receive from Sweden and Norway or the difference in the growth in imports.

In 2018, countries that imported more from Sweden than Norway were Finland ($9.41B), Denmark ($11.2B), and China ($7.9B).

In 2018, countries that imported more from Norway than Sweden were United Kingdom ($25.8B), Netherlands ($12.4B), and Germany ($20.2B).

Comparative Advantage Sweden - Norway

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Depth

This chart compares trade between Sweden and Norway by product, considering products traded by both, Sweden and Norway.

During 2018, Sweden had a large net trade with Norway in the exports of Machines ($3.85B), Transportation ($1.74B), and Mineral Products ($1.72B).

During 2018, Norway had a large net trade with Sweden in the exports of Mineral Products ($3.98B), Metals ($1.15B), and Animal Products ($932M).

Tariff Section

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This sections shows import tariffs for products traded between Sweden and Norway (using the HS6 product classification and the last year reported).

In 2017, the products from Sweden that paid the highest import tariffs to enter Norway were Sugar beet (178%) and Whey (173%).

In 2018, the products from Norway that paid the highest import tariffs to enter Sweden were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

Explore Tariff Data

*The tariffs present between Sweden and Norway are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
281: Preferential tariff for Norway

Trade Forecasts

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This section shows a forecast for total trade between Sweden and Norway. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) being the largest in terms of value.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over Sweden.